I want to start coaching services with a record of the possible changes that we can expect to see in the coming year ahead. While the year 2020 is “unprecedented,” with a democratically-run federal government, I am expecting many changes to healthcare. In fact I’ve made 21 predictions on digital health for 2021. This first set is centered on the general market issues that will affect all players.
With that said, here’s the initial set of five major changes that I’m anticipating in 2021.
1. Telehealth is Here to Stay
We’ve witnessed the massive increase of telehealth visits as a result of COVID-19. Our clients have seen a spike in women’s leadership coaching program of 10-20x daily the number of visits to telehealth over the previous year. What will it take to keep it going? My guess to that question is “yes” and “no.”
The answer is yes: Telehealth will integrate into the experience of providing care as time goes on. It’s simply far too valuable to be completely removed. The notion that patients is able to be treated any time, at any place and insurance companies, as well as the federal government, will pay for it is a long-lasting shift. Telehealth will continue to alter the primary care and the urgent-care market specifically since national providers employ physicians in areas with lower costs and bypass the traditional hurdles like the requirement for a physician’s license. A quick, affordable and straightforward method of determining whether you actually need to get in-person care is here to stay.
The answer is no. Telehealth will not remain a replacement for in-person visits on the scale or at the level of today. It is too numerous additional services, such as labs, that bring an economic benefit to hospitals and are not practical for patients to self-medicate.
MY GUARANTEE: We’ll witness a regional clinic gain national recognition – and become the next big name in the same way as that of the Mayo Clinic – as they make use of the “second opinion” virtual network to create new revenue streams outside their geographic areas because of Telehealth.
2. Insurance Market Sees Turbulence
If the new President believes it was a big mistake to think that Obamacare was an Affordable Health Care Act is a major… changing deal I am assuming that the original principles of Obamacare will be reintroduced. Contrary to the free-market model of the past few years market for insurance will be subject to regular rules.
The regulations will increase the quality of healthcare provided to those who are not insured, but at the cost of costly executive coaching services procedures and/or plans. Because the Federal government contributes around 70% of healthcare expenditure The private market tends to follow in their footsteps.
In the last four years, in the last four years, Fed has done nothing except to expand alternative treatments with an unobtrusive FDA. This method may have increased access, but didn’t decrease prices – instead the costs of medications have increased, provoking Congressional scrutiny hearings. I’m sure this type of scrutiny to continue.